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Ford Motor Company F shares are trading higher by 3.14% to $12.14 Friday afternoon. Shares of several companies in the auto & auto component space are trading higher amid overall market strength following a WSJ report suggesting the Federal Reserve may be debating the size of future rate hikes. Fed policy tightening has weighed on consumer spending throughout the year.
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Per the WSJ article: “Federal Reserve officials are barreling toward another interest-rate rise of 0.75 percentage point at their meeting Nov. 1-2 and are likely to debate then whether and how to signal plans to approve a smaller increase in December.”
The WSJ article also notes that Fed governor Christopher Waller said in a speech earlier this month “We will have a very thoughtful discussion about the pace of tightening at our next meeting”.
Socks across sectors have otherwise been volatile in recent sessions amid a rise in treasury yields.
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According to data from Benzinga Pro, Ford has a 52-week high of $25.87 and a 52-week low of $10.61.
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Image and article originally from www.benzinga.com. Read the original article here.